Heritage Financial (HFWA) Tax Rate (2010 - 2026)
Heritage Financial (HFWA) recorded Tax Rate of 15.33% in Q2 2026, down 0.18 percentage points from 15.52% a year earlier and down 0.07 percentage points from the prior quarter.
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Analysis
Heritage Financial (HFWA) Tax Rate (2010 - 2026) Analysis & Trends
On a TTM basis, Heritage Financial's Tax Rate came in at 14.50% as of Jun 30, 2026, down 3.06 percentage points year-over-year; for FY2025, it came in at 14.08%, down 3.14 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +1.66 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 17.22% in FY2024 (+1.92 pp), 15.31% in FY2023 (-2.36 pp), 17.66% in FY2022 (-0.99 pp) and 18.65% in FY2021 (+6.22 pp).
- Quarterly Tax Rate has ranged from 5.23% in Q4 2023 to 26.96% in Q4 2024 over the past five years.
- On a year-over-year basis, Tax Rate rose in four of the last eight quarters, with an average year-over-year change of +1.10 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 21.73 percentage points in Q4 2024, against a drop of 13.93 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.40% (Q1 2026), 13.40% (Q4 2025) and 14.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Heritage Financial | 1.19 Bn | 241.32 Mn | - | 15.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.33% |
| Mar 31, 2026 | 15.40% |
| Dec 31, 2025 | 13.40% |
| Sep 30, 2025 | 14.06% |
| Jun 30, 2025 | 15.52% |
| Mar 31, 2025 | 13.91% |
| Dec 31, 2024 | 26.96% |
| Sep 30, 2024 | 12.57% |
| Jun 30, 2024 | 11.48% |
| Mar 31, 2024 | 16.31% |
| Dec 31, 2023 | 5.23% |
| Sep 30, 2023 | 16.42% |
| Jun 30, 2023 | 15.22% |
| Mar 31, 2023 | 17.08% |
| Dec 31, 2022 | 19.17% |
| Sep 30, 2022 | 18.16% |
| Jun 30, 2022 | 17.63% |
| Mar 31, 2022 | 15.35% |
| Dec 31, 2021 | 20.24% |
| Sep 30, 2021 | 19.53% |
API Access
Heritage Financial Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=HFWA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "HFWA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=HFWA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();